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1101-1109 University Ave
Berkeley, CA 94702
Retail Property For Sale


EXECUTIVE SUMMARY
1101 University Avenue is a four-unit retail property totaling approximately 8,300 square feet located along University Avenue in Berkeley, California. The property offers a combination of long-term credit tenancy, in-place income, lease-up potential, and supplemental income from two cell towers.
A credit-tenant, national retailer has executed a new 10-year lease and is scheduled to take occupancy and commence rent in 2026. Upon rent commencement, the lease will provide stable, long-term income from a credit tenant national retailer. The property includes two vacant retail units, offering upside through lease-up at market rents. The vacancies provide flexibility in tenant selection and a path to increased net operating income through stabilization. In addition to retail tenancy, the property benefits from two AT&T cellular tower installations, which generate supplemental income and diversify the property’s revenue stream. 1101 University Avenue is situated along a primary commercial corridor serving Berkeley and the greater East Bay, with proximity to established residential neighborhoods, UC Berkeley, and public transportation.
The property offers investors the opportunity to acquire a partially stabilized retail asset with future credit rent commencement, embedded lease up upside, and multiple income sources in a supply-constrained Berkeley market.
A credit-tenant, national retailer has executed a new 10-year lease and is scheduled to take occupancy and commence rent in 2026. Upon rent commencement, the lease will provide stable, long-term income from a credit tenant national retailer. The property includes two vacant retail units, offering upside through lease-up at market rents. The vacancies provide flexibility in tenant selection and a path to increased net operating income through stabilization. In addition to retail tenancy, the property benefits from two AT&T cellular tower installations, which generate supplemental income and diversify the property’s revenue stream. 1101 University Avenue is situated along a primary commercial corridor serving Berkeley and the greater East Bay, with proximity to established residential neighborhoods, UC Berkeley, and public transportation.
The property offers investors the opportunity to acquire a partially stabilized retail asset with future credit rent commencement, embedded lease up upside, and multiple income sources in a supply-constrained Berkeley market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,367 SF
Building Class
B
Year Built
1995
Price
$4,000,000
Price Per SF
$478.07
Cap Rate
6.13%
NOI
$245,200
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.30 AC
Zoning
C-W
Parking
25 Spaces (2.99 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 057-2085-014-01 | Improvements Assessment | $4,045,173 |
| Land Assessment | $1,912,263 | Total Assessment | $5,957,436 |
PROPERTY TAXES
Parcel Number
057-2085-014-01
Land Assessment
$1,912,263
Improvements Assessment
$4,045,173
Total Assessment
$5,957,436
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